You need reliable transportation but either do not have the money to spend or want to save and yet still get what you need. While it may be tempting to get a cheap used vehicle, these usually cost you more in the long run in repairs and labour. A new car will be more reliable but will cost you a lot in upfront costs.
As a result, more people are considering motorcycles. Motorcycles have proven to be more economical than cars in many ways, allowing people to save money that can then be used for other needs. Below are ways riding a motorcycle can save you a noticeable amount of money. Despite the motorcycle gear you will have to purchase to ride one, you will definitely be able to save in the long run.
1. Gas
Gasoline prices in the Western world are the highest they have ever been. It is only natural that you would want to take steps to reduce the amount of money you typically spend on it.
Buying a motorcycle will allow you better gas mileage. This is especially helpful for those who enjoy taking road trips or need to endure long commutes to and from places of employment. While sizes and models of cars and motorcycles affect the miles per gallon (mpg) they get, cars average about 20 to 30 while motorcycles average about 50 to 60. Therefore, a gas tank on a motorcycle will last a lot longer, allowing you avoid spending more money at the gas pumps than you need to.
2. Insurance
Insurance is needed for any roadworthy vehicle and factors such as driving record, your age, and make of vehicle can affect your premiums.
While these factors are important even if you have a motorcycle, you are guaranteed to pay dramatically less than if you have a car. If you have a clean driving record and are not in your teens, chances are you will be able to get a quote for insurance that is cheap and you will be satisfied with. You may pay a little more in collision and comprehensive coverage because motorcycles usually do not hold up well in accidents. However, you will pay less in liability since they usually do not do too much damage to other vehicles.
3. Repairs
Motorcycles need attention every now and then, so you will have to keep up with repairs and maintenance as needed. However, compared to cars your costs will be significantly less.
Because motorcycles have less moving parts than cars, there is less to go wrong with them and therefore less to pay for in parts and labour. Motorcycles are more likely to start running rougher rather than stop working altogether. Therefore, owners are more willing and able to experiment with their motorcycle to get it to work better rather than spending lots of money bringing it into a shop.
4. Purchasing
Depending on makes and models, a new car will run you well into the tens of thousands of dollars. This means having to have the cash in hand to make the purchase or spending years paying it off through financing. If you are looking to save some money yet have reliable transportation, a motorcycle might be the better option for you.
Similar to cars, what you spend on motorcycle gear will greatly depend on the make and model you want. However, whether you want a low-end model or a luxury or special edition bike, you can rest assured that you will be paying less than you would for a car. A low-end new car will cost you around $13 thousand whereas a low-end new motorcycle will cost around half that amount.